Téléchargez le livre :  Money, Stock Prices and Central Banks
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Marcel Wiedmann

Money, Stock Prices and Central Banks

A Cointegrated VAR Analysis

Physica

Collection : Contributions to Economics

Date de publication : 2011-05-05



158,24
Guide des formats
Description
This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter the analysis from three angles: in the form of a broad monetary aggregate, the interbank overnight rate and net capital flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand whether central banks are able to influence the stock market.
Pages
460
Collection
Contributions to Economics
Parution
2011-05-05
Marque
Physica
EAN papier
9783790826463
EAN EPUB
9783790826470

Informations sur l'ebook
Nombre pages copiables
4
Nombre pages imprimables
46
Taille du fichier
6298 Ko
Prix
158,24 €